Use the following tables to calculate the present value of a $616,000 @ 6%, 6-year bond that pays $36,960 interest annually, if the market rate of interest is 7. Round to the nearest dollar Present Value of $I Present Value of Annuity of $1 5% 6% 7 % Periode 5% 6% 79 10 % Periods 10 % 1 95238 .93458 .90909 1 .95238 .94340 93458 94340 .89000 .90909 1.73554 690703 .87344 .82645 2 1.85941 1.83339 2 3 81630 .75131 3 2.67301 .86354 .62270 83962 .79209 2.72325 3.54595 .76290 .68301 4 3.46511 1.80802 2.62432 3.38721 4.10020 4.76654 2.48685 3.16987 3.79079 5 -78353 71299 .62092! 5 4.21236 -74726 70496 4.32948 5.07569 6 74522 .66634 6 4.91732 4.35526 7 .66506 71066 .67684 7 56447 51316 ! 46651 .62275 58201 5.78637 6.46321 4.86842 5.33493 .62741 8 5.58238 6.20979 6.80169 7.36009 5.38929 5.97130 6.51523 54393 9 5.75902 59190 55839 142410 36554 7.10782 7.72173 10 .61391 50835 10 7.02358 6.14457